Overview
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- TickerWBTN on Nasdaq1
- IndustryMiscellaneous Publishing1
- HeadquartersEl Segundo, California1
- Incorporated inDE2
- Business address222 N. Pacific Coast Highway, Suite 2300, El Segundo, Ca 902452
- Filer categoryAccelerated filer2
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Because forward-looking statements are based on current beliefs, expectations and assumptions regarding future events, they are subject to risks, uncertainties and changes that are difficult to predict and many of which are outside of our control. You should realize that if underlying assumptions prove inaccurate, or known or unknown risks or uncertainties materialize, our actual results and financial condition could vary materially from expectations and projections expressed or implied in our forward-looking statements. Risks and uncertainties include:4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-4.6%Operating margin5
-25.0%Net margin5
2.5%Revenue growth, 20255
-29.6%Return on equity5
$3.6MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Paid Content brought in 79% of the revenue WEBTOON Entertainment Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Paid Content | $1.0B | $1.1B | $1.1B |
| Advertising | $145.5M | $166.1M | $164.3M |
| I P Adaptations | $108.3M | $99.4M | $131.0M |
Regions
Japan brought in 49% of the revenue WEBTOON Entertainment Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Japan | $557.3M | $648.2M | $681.8M |
| South Korea | $566.4M | $517.5M | $522.0M |
| Rest of the World | $159.0M | $182.7M | $178.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue77¢$1.1B
- Other costs22¢$306.2M
- Income tax1¢$16.0M
Out of $1.4B in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending68¢$7.6M
- Kept or used elsewhere32¢$3.6M
Out of $11.2M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.3B |
| Marketing | -$126.1M | -$107.8M | -$121.1M |
| Operating Loss | -$63.5M | -$100.7M | -$36.4M |
| Interest income | $19.2M | $15.8M | $3.0M |
| Interest expense | -$56.0K | -$45.0K | -$79.0K |
| Impairment losses on goodwill and other intangible assets, net | -$336.5M | -$69.7M | -$63.4M |
| Gain (loss) on equity method investments, net | $1.3M | -$1.1M | -$12.3M |
| Other income (loss), net | -$9.8M | $6.5M | -$23.6M |
| Loss before income tax | -$389.4M | -$149.3M | -$132.8M |
| Income tax benefit (expense) | $16.0M | -$3.6M | -$12.0M |
| Net loss | -$373.4M | -$152.9M | -$144.8M |
| Net income (loss) attributable to WEBTOON Entertainment Inc. | -$345.9M | -$143.9M | -$116.5M |
| Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests | -$27.5M | -$9.0M | -$28.3M |
| Foreign currency translation adjustments, net of tax | $9.8M | -$71.9M | -$17.3M |
| Share of other comprehensive income (loss) of equity method investments, net of tax | $896.0K | -$94.0K | -$906.0K |
| Total other comprehensive loss, net of tax | $10.7M | -$72.0M | -$18.2M |
| Total comprehensive loss | -$362.7M | -$224.9M | -$162.9M |
| Total comprehensive loss attributable to WEBTOON Entertainment Inc. | -$335.7M | -$213.7M | -$134.6M |
| Total comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests | -$27.0M | -$11.2M | -$28.3M |
| Basic (in shares) | 130.2M shares | 119.2M shares | 109.5M shares |
| Diluted (in shares) | 130.2M shares | 119.2M shares | 109.5M shares |
| Basic (in usd per share) | -$2.66 | -$1.21 | -$1.06 |
| Diluted (in usd per share) | -$2.66 | -$1.21 | -$1.06 |
| Cost of revenue | $1.1B | $1.0B | $987.3M |
| General and administrative expenses | $259.5M | $332.0M | $210.8M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2024-06-30 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $581.8M | $572.4M | |||
| Prepaid expenses and other current assets, net | $72.6M | $94.8M | |||
| Total current assets | $831.2M | $836.4M | |||
| Property and equipment, net | $8.3M | $3.8M | |||
| Operating lease right-of-use assets | $23.7M | $16.6M | |||
| Debt and equity securities | $69.7M | $70.2M | |||
| Intangible assets, net | $157.8M | $180.9M | |||
| Goodwill, net | $336.8M | $665.3M | $779.2M | ||
| Equity method investments | $80.4M | $78.7M | $64.2M | ||
| Deferred tax assets | $22.3M | $17.6M | |||
| Other non-current assets, net | $65.2M | $65.9M | |||
| Total assets | $1.6B | $1.9B | |||
| Accrued expenses | $66.7M | $62.2M | |||
| Current portion of operating lease liabilities | $9.6M | $6.1M | |||
| Contract liabilities | $90.0M | $85.9M | |||
| Income tax payables corporate tax | $1.2M | $10.1M | |||
| Consumption taxes payables | $2.9M | $8.3M | |||
| Provisions and defined pension benefits | $8.8M | $11.1M | |||
| Other current liabilities | $2.5M | $2.2M | |||
| Total current liabilities | $318.6M | $313.2M | |||
| Defined severance benefits | $25.1M | $22.0M | |||
| Deferred tax liabilities | $5.8M | $30.3M | |||
| Other non-current liabilities | $3.7M | $2.2M | |||
| Total liabilities | $367.2M | $378.9M | |||
| Redeemable non-controlling interest in subsidiary | $24.5M | $36.6M | $41.4M | $47.0M | |
| Preferred stock, $0.0001 par value 100,000,000 authorized and no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $0 | $0 | |||
| Common stock, $0.0001 par value 2,000,000,000 authorized, 130,776,161 shares and 128,587,944 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively | $13.0K | $13.0K | |||
| Additional paid-in capital | $2.1B | $2.1B | |||
| Accumulated other comprehensive loss | -$114.4M | -$124.6M | |||
| Accumulated deficit | -$853.1M | -$507.2M | |||
| Total stockholders equity attributable to WEBTOON Entertainment Inc. | $1.2B | $1.5B | |||
| Non-controlling interests in consolidated subsidiaries | $33.3M | $47.8M | |||
| Total equity | $1.2B | $1.5B | $1.3B | $1.5B | |
| Total liabilities, redeemable non-controlling interest, and equity | $1.6B | $1.9B | |||
| Trade receivables, allowance for doubtful accounts | $3.4M | $3.4M | |||
| Preferred stock par value (in usd per share) | $0.00 | $0.00 | $0.00 | ||
| Preferred stock authorized (in shares) | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Preferred stock issued (in shares) | 0 shares | 0 shares | 0 shares | ||
| Preferred stock outstanding (in shares) | 0 shares | 0 shares | 0 shares | ||
| Common stock par value (in usd per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock authorized (in shares) | 2.0B shares | 2.0B shares | 2.0B shares | ||
| Common stock issued (in shares) | 130.8M shares | 128.6M shares | |||
| Common stock outstanding (in shares) | 130.8M shares | 128.6M shares | |||
| Receivables, net of allowance | $176.8M | $169.2M | |||
| Accounts payables | $137.0M | $127.3M | |||
| Long-term operating lease liabilities | $14.1M | $11.2M |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-06-30 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $581.8M | $572.4M | |||
| Prepaid expenses and other current assets, net | $72.6M | $94.8M | |||
| Total current assets | $831.2M | $836.4M | |||
| Property and equipment, net | $8.3M | $3.8M | |||
| Operating lease right-of-use assets | $23.7M | $16.6M | |||
| Debt and equity securities | $69.7M | $70.2M | |||
| Intangible assets, net | $157.8M | $180.9M | |||
| Goodwill, net | $336.8M | $665.3M | $779.2M | ||
| Equity method investments | $80.4M | $78.7M | $64.2M | ||
| Deferred tax assets | $22.3M | $17.6M | |||
| Other non-current assets, net | $65.2M | $65.9M | |||
| Total assets | $1.6B | $1.9B | |||
| Accrued expenses | $66.7M | $62.2M | |||
| Current portion of operating lease liabilities | $9.6M | $6.1M | |||
| Contract liabilities | $90.0M | $85.9M | |||
| Income tax payables corporate tax | $1.2M | $10.1M | |||
| Consumption taxes payables | $2.9M | $8.3M | |||
| Provisions and defined pension benefits | $8.8M | $11.1M | |||
| Other current liabilities | $2.5M | $2.2M | |||
| Total current liabilities | $318.6M | $313.2M | |||
| Defined severance benefits | $25.1M | $22.0M | |||
| Deferred tax liabilities | $5.8M | $30.3M | |||
| Other non-current liabilities | $3.7M | $2.2M | |||
| Total liabilities | $367.2M | $378.9M | |||
| Redeemable non-controlling interest in subsidiary | $24.5M | $36.6M | $41.4M | $47.0M | |
| Preferred stock, $0.0001 par value 100,000,000 authorized and no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $0 | $0 | |||
| Common stock, $0.0001 par value 2,000,000,000 authorized, 130,776,161 shares and 128,587,944 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively | $13.0K | $13.0K | |||
| Additional paid-in capital | $2.1B | $2.1B | |||
| Accumulated other comprehensive loss | -$114.4M | -$124.6M | |||
| Accumulated deficit | -$853.1M | -$507.2M | |||
| Total stockholders equity attributable to WEBTOON Entertainment Inc. | $1.2B | $1.5B | |||
| Non-controlling interests in consolidated subsidiaries | $33.3M | $47.8M | |||
| Total equity | $1.2B | $1.5B | $1.3B | $1.5B | |
| Total liabilities, redeemable non-controlling interest, and equity | $1.6B | $1.9B | |||
| Trade receivables, allowance for doubtful accounts | $3.4M | $3.4M | |||
| Preferred stock par value (in usd per share) | $0.00 | $0.00 | $0.00 | ||
| Preferred stock authorized (in shares) | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Preferred stock issued (in shares) | 0 shares | 0 shares | 0 shares | ||
| Preferred stock outstanding (in shares) | 0 shares | 0 shares | 0 shares | ||
| Common stock par value (in usd per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock authorized (in shares) | 2.0B shares | 2.0B shares | 2.0B shares | ||
| Common stock issued (in shares) | 130.8M shares | 128.6M shares | |||
| Common stock outstanding (in shares) | 130.8M shares | 128.6M shares | |||
| Receivables, net of allowance | $176.8M | $169.2M | |||
| Accounts payables | $137.0M | $127.3M | |||
| Long-term operating lease liabilities | $14.1M | $11.2M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$373.4M | -$152.9M | -$144.8M |
| Allowance for credit losses | $4.8M | $6.0M | $3.5M |
| Depreciation and amortization | $35.4M | $40.1M | $38.4M |
| Impairment losses on goodwill and other intangible assets | $336.5M | $69.7M | $63.4M |
| Operating lease expense | $9.7M | $10.4M | $12.0M |
| Loss (Gain) on foreign currency, net | -$1.6M | -$2.5M | $5.5M |
| Deferred tax benefit | -$29.0M | -$24.5M | -$15.6M |
| Loss (Gain) on debt and equity securities, net | $8.6M | -$2.3M | $22.6M |
| Loss (Gain) on equity method investment | -$1.3M | $1.1M | $12.3M |
| Contingent consideration liability | $0 | -$3.7M | -$789.0K |
| Stock-based compensation | $41.9M | $87.4M | $3.2M |
| Gain on disposal of right-of-use assets, net | $0 | -$1.9M | -$62.0K |
| Change in severance benefit, net | $5.6M | $3.7M | -$737.0K |
| Loss on investments in subsidiaries, net | $0 | $2.7M | $884.0K |
| Other non-cash items | $14.0K | -$707.0K | -$3.4M |
| Changes in receivables | -$873.0K | -$24.1M | $30.9M |
| Changes in other assets | $1.2M | -$35.9M | -$6.5M |
| Changes in accounts payable | $3.4M | $26.2M | -$7.6M |
| Changes in accrued expenses | $6.2M | $1.9M | $3.1M |
| Changes in consumption taxes payables | -$5.7M | $3.3M | $3.2M |
| Changes in contract liabilities | $2.4M | $21.6M | $1.1M |
| Changes in withholdings | -$6.1M | -$8.0K | $1.3M |
| Changes in income tax payable - corporate tax | -$8.9M | $634.0K | $1.1M |
| Changes in other liabilities | -$6.5M | -$812.0K | $4.9M |
| Changes in operating lease liabilities | -$8.1M | -$9.0M | -$10.2M |
| Changes in deposits | -$294.0K | $2.4M | -$260.0K |
| Transfer of severance benefits | -$2.8M | -$956.0K | -$2.6M |
| Net cash provided by operating activities | $11.2M | $17.9M | $14.8M |
| Proceeds from maturities of short-term investments | $42.5M | $68.0M | $15.3M |
| Proceeds from sale of debt and equity securities | $0 | $3.0M | $2.4M |
| Proceeds from sale of property and equipment | $297.0K | $6.5M | $659.0K |
| Proceeds from sale of equity method investments | $0 | $5.9M | $5.4M |
| Proceeds from loan receivable | $1.7M | $0 | $311.0K |
| Payment from maturities of short-term investments | -$26.4M | -$77.4M | -$35.1M |
| Payment made for loan receivable | -$904.0K | -$264.0K | -$11.5M |
| Purchases of debt and equity securities | -$6.8M | -$1.0M | -$8.7M |
| Purchases of property and equipment | -$7.6M | -$2.4M | -$10.2M |
| Purchases of intangible assets | -$10.3M | -$10.7M | -$12.1M |
| Purchases of equity method investments | $0 | -$9.1M | -$682.0K |
| Acquisition of businesses, net of cash | -$148.0K | $0 | $0 |
| Disposal of businesses, net of cash | $0 | -$315.0K | $2.0M |
| Other investing activities | $119.0K | $470.0K | $187.0K |
| Net cash used in investing activities | -$7.5M | -$17.3M | -$52.0M |
| Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions | $0 | $292.9M | $0 |
| Proceeds from issuance of common stock related to private placement | $0 | $50.0M | $0 |
| Capital contribution to a non-wholly owned subsidiary from a limited partner | $0 | $0 | $3.3M |
| Payments of initial public offering costs | $0 | -$11.2M | $0 |
| Proceeds from exercise of over-allotment, net of underwriting discounts and commissions | $0 | $26.8M | $0 |
| Proceeds from stock option exercise | $1.3M | $746.0K | $0 |
| Proceeds from short-term borrowings | $139.0K | $0 | $383.0K |
| Repayments of short-term borrowings | $0 | -$3.6M | -$6.3M |
| Repayments of long-term borrowings | $0 | -$15.0K | -$64.0K |
| Payment of contingent consideration related to business acquisition | $0 | -$1.8M | -$3.8M |
| Net cash provided by (used in) financing activities | $1.5M | $353.9M | -$6.5M |
| Effect of exchange rate changes on cash and cash equivalents | $4.2M | -$13.8M | -$4.3M |
| Net increase (decrease) in cash and cash equivalents | $9.4M | $340.7M | -$48.0M |
| Income taxes paid | $24.7M | $25.7M | $26.6M |
| Interest paid | $1.0K | $85.0K | $92.0K |
| Reclassification of debt and equity securities to equity method investments | $0 | $18.7M | $0 |
| Reclassification of deferred offering costs to additional paid-in capital upon IPO | $0 | $11.2M | $0 |
| Share exchange with NAVER upon issuance of new WEBTOON Entertainment Inc. shares | $0 | $0 | $579.9M |
| Purchase of property and equipment included in accounts payable | $0 | $2.0K | $11.0K |
No quarter-by-quarter statement was filed.
Corporate structure
WEBTOON Entertainment Inc. sits at the top of its group. 6 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of WEBTOON Entertainment Inc.
- FMR LLC Filed SCHEDULE 13G/A on WEBTOON Entertainment Inc., latest May 6, 2026 (3 filings since Feb 12, 2025)
- LY Corp Filed SC 13G on WEBTOON Entertainment Inc., latest Nov 1, 2024
- Naver Corporation Filed SC 13G on WEBTOON Entertainment Inc., latest Nov 1, 2024
- WEBTOON Entertainment Inc. El Segundo, California
- LINE Digital Frontier Corporation Subsidiary · Japan
- Munpia Inc. Subsidiary · South Korea
- NAVER WEBTOON Ltd. Subsidiary · South Korea
- Studio N Corporation Subsidiary · South Korea
- Wattpad Corporation Subsidiary · Canada
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What WEBTOON Entertainment Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $17.6M5 Dec 31, 2025 | $11.5M5 Dec 31, 2024 | +53.8% |
| Accumulated depreciation | $9.3M5 Dec 31, 2025 | $7.7M5 Dec 31, 2024 | +20.9% |
| Property and equipment, net | $8.3M5 Dec 31, 2025 | $3.8M5 Dec 31, 2024 | +120.5% |
| Operating-lease assets (leased space) | $23.7M5 Dec 31, 2025 | $16.6M5 Dec 31, 2024 | +42.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $581.8M5 Dec 31, 2025 | $572.4M5 Dec 31, 2024 | +1.6% |
| Debt securities available for sale | $46.0M5 Dec 31, 2025 | $48.1M5 Dec 31, 2024 | −4.4% |
| Stakes in other companies (equity method) | $80.4M5 Dec 31, 2025 | $78.7M5 Dec 31, 2024 | +2.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $336.8M5 Dec 31, 2025 | $665.3M5 Dec 31, 2024 | −49.4% |
| Intangible assets, net (excluding goodwill) | $157.8M5 Dec 31, 2025 | $180.9M5 Dec 31, 2024 | −12.8% |
| Accumulated amortization | $150.4M5 Dec 31, 2025 | $104.5M5 Dec 31, 2024 | +44.0% |
| Finite-lived intangibles, net | $158.2M5 Dec 31, 2025 | $180.3M6 Dec 31, 2024 | −12.3% |
Properties, in its own words
Our corporate headquarters, consisting of approximately 22,296 square feet of office space in Los Angeles, California, is leased through the second quarter of 2026. Upon expiration of the current lease, we expect to relocate to a new facility in the area consisting of approximately 25,000 square feet of office space. We lease additional office space in Korea, Japan and Canada. We also operate several data centers in Korea, Singapore, Germany and the U.S. pursuant to various lease agreements.
We intend to lease additional space as we add employees and expand geographically. We believe our facilities are adequate and suitable for our current needs and that, should it be needed, suitable additional or alternative space will be available to accommodate any expansion of our operations.
Item 2 of the 10-K filed Mar 5, 2026.4
Leadership
Who has led WEBTOON Entertainment Inc., and when. Pick a name to see everywhere that person has worked.
Board members and other officers (11)
- Chief Product OfficerYuki Chae Apr 16, 2026 to now9
- OfficerDavid J. Lee Jun 26, 2024 to now10
- Chief Design OfficerHyeeun Son Jun 26, 2024 to now11
- Chief Product OfficerHyojung Kim Jun 26, 2024 to now12
- OfficerJunkoo Kim Jun 26, 2024 to now13
- Board memberSaeju Jeong Jul 2, 2025 to now14
- Board memberDavid J. Lee Jun 26, 2024 to now10
- Board memberIsabelle Winkles Jun 26, 2024 to Jun 26, 202415
- Board memberJunkoo Kim Jun 26, 2024 to now13
- Board memberNamsun Kim Jun 26, 2024 to Aug 21, 202416
- Board memberNancy Dubuc Jun 26, 2024 to Jun 26, 202417
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- LINE Digital Frontier Corporation Japan3
- Munpia Inc. Republic of Korea3
- NAVER WEBTOON Ltd. Republic of Korea3
- Studio N Corporation Republic of Korea3
- Wattpad Corporation Canada3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 5, 20268-K Executive or director change; Regulation FD disclosure18
- Aug 10, 20268-K Entered a material agreement; Results of operations; Regulation FD disclosure19
- Jun 4, 20268-K Shareholder vote20
- May 11, 20268-K Results of operations21
- Apr 13, 20268-K Executive or director change; Regulation FD disclosure22
- Mar 30, 20268-K Executive or director change23
- Mar 30, 20268-K Executive or director change24
- Mar 5, 20268-K Executive or director change; Regulation FD disclosure25
- Mar 3, 20268-K Results of operations26
- Jan 8, 20268-K Unregistered sale of shares; Regulation FD disclosure27
- Nov 12, 20258-K Results of operations28
- Sep 15, 20258-K Regulation FD disclosure29
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.02) a share, on Nov 12, 2025.30
When it reported results
- Aug 10, 2026Reported quarterly or annual results19
- May 11, 2026Reported quarterly or annual results21
- Mar 3, 2026Reported quarterly or annual results26
- Nov 12, 2025Reported quarterly or annual results28
- Aug 12, 2025Reported quarterly or annual results31
- May 13, 2025Reported quarterly or annual results32
- Feb 25, 2025Reported quarterly or annual results33
- Feb 6, 2025Reported quarterly or annual results34
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
125 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 22 major events, 58 insider forms, 5 large holders, 31 other. The latest 20:
- Oct 13, 20264 EDGAR
- Oct 5, 20268-K EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Aug 3, 20264 EDGAR
- Jul 13, 20264 EDGAR
- Jun 4, 20268-K EDGAR
- May 29, 20264 EDGAR
- May 11, 202610-Q EDGAR
- May 11, 20268-K EDGAR
- May 6, 2026SCHEDULE 13G/A EDGAR
- May 4, 20264 EDGAR
- Apr 27, 20264 EDGAR
- Apr 27, 20264 EDGAR
- Apr 22, 2026ARS EDGAR
- Apr 22, 2026DEFA14A EDGAR
- Apr 22, 2026DEF 14A EDGAR
- Apr 16, 20263 EDGAR
- Apr 16, 20264 EDGAR
- Apr 13, 20268-K EDGAR
The 125 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
9 open-market trades by officers, directors and large owners since October 2021: 9 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 20, 2025 | Kim JunkooSee Remarks | Buy | 11,419 | $8.81 | $100.6K | Form 4 |
| Mar 19, 2025 | Kim JunkooSee Remarks | Buy | 11,372 | $8.73 | $99.3K | Form 4 |
| Feb 28, 2025 | Lee David J.See Remarks | Buy | 7,205 | $9.00 | $64.8K | Form 4 |
| Aug 21, 2024 | Kim NamsunDirector | Buy | 7,195 | $13.90 | $100.0K | Form 4 |
| Aug 19, 2024 | Kim JunkooSee Remarks | Buy | 18,935 | $12.74 | $241.3K | Form 4 |
| Aug 16, 2024 | Kim JunkooSee Remarks | Buy | 22,596 | $11.88 | $268.4K | Form 4 |
| Aug 15, 2024 | Lee David J.See Remarks | Buy | 8,000 | $13.00 | $104.0K | Form 4 |
| Aug 14, 2024 | Kim YongsooSee Remarks | Buy | 7,800 | $12.92 | $100.8K | Form 4 |
| Aug 14, 2024 | Lee David J.See Remarks | Buy | 7,722 | $12.93 | $99.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Junkoo KimChief Executive Officer | 48 | $584.5K | $935.6K38 |
| 2025 | David J. LeeChief Financial Officer and Chief Operating Officer | 54 | $500.0K | $791.4K38 |
| 2025 | Yongsoo KimChief Strategy Officer & Head of Global WEBTOON | 40 | $209.1K | $693.9K38 |
| 2025 | Chankyu ParkChief Technology Officer | $223.0K | $526.2K38 | |
| 2025 | Hyeeun SonChief Design Officer | 48 | $150.7K | $387.7K38 |
| 2024 | Junkoo KimChief Executive Officer | 48 | $582.0K | $41.1M38 |
| 2024 | David J. LeeChief Financial Officer and Chief Operating Officer | 54 | $500.0K | $6.1M38 |
| 2024 | Chankyu ParkChief Technology Officer | $217.7K | $3.5M38 | |
| 2024 | Yongsoo KimChief Strategy Officer & Head of Global WEBTOON | 40 | $142.9K | $2.9M38 |
| 2024 | Hyeeun SonChief Design Officer | 48 | $142.9K | $2.1M38 |
| 2023 | Junkoo KimChief Executive Officer | 48 | $595.8K | $10.3M38 |
| 2023 | David J. LeeChief Financial Officer and Chief Operating Officer | 54 | $63.5K | $5.4M38 |
| 2023 | Chankyu ParkChief Technology Officer | $247.1K | $801.4K38 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 99. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Softbank Group Corp. | 31,432,480 | $359.0M | 2.0% | No change |
| Fmr LLC | 15,284,401 | $174.5M | 0.0% | +173,309 |
| BlackRock, Inc. | 1,893,919 | $21.6M | 0.0% | +398,942 |
| Morgan Stanley | 1,416,418 | $16.2M | 0.0% | +115,540 |
| Ameriprise Financial Inc | 1,088,234 | $12.4M | 0.0% | +129,269 |
| Geode Capital Management, LLC | 640,012 | $7.3M | 0.0% | +70,688 |
| ExodusPoint Capital Management, LP | 433,296 | $4.9M | 0.0% | +69,456 |
| State Street Corp | 425,312 | $4.9M | 0.0% | +9,715 |
| Creative Planning | 321,954 | $3.7M | 0.0% | +104,695 |
| Millennium Management LLC | 270,704 | $3.1M | 0.0% | −181,986 |
| Northern Trust Corp | 257,222 | $2.9M | 0.0% | +121,715 |
| Vanguard Capital Management LLC | 228,068 | $2.6M | 0.0% | +20,079 |
| Jpmorgan Chase & Co | 163,717 | $2.0M | 0.0% | −10,322 |
| Charles Schwab Investment Management Inc | 157,331 | $1.8M | 0.0% | +8,376 |
| Aqr Capital Management LLC | 146,837 | $1.7M | 0.0% | +23,858 |
| Vanguard Portfolio Management LLC | 143,375 | $1.6M | 0.0% | −10,671 |
| Goldman Sachs Group Inc | 131,266 | $1.5M | 0.0% | −397,712 |
| UBS Group AG | 115,966 | $1.3M | 0.0% | +66,714 |
| American Century Companies Inc | 115,377 | $1.3M | 0.0% | +15,879 |
| Vanguard Fiduciary Trust Co | 110,893 | $1.3M | 0.0% | +9,884 |
| Invesco Ltd. | 69,632 | $795.2K | 0.0% | +8,087 |
| Nuveen, LLC | 66,359 | $757.8K | 0.0% | +44,083 |
| Bank of New York Mellon Corp | 47,585 | $543.4K | 0.0% | +6,592 |
| PCM Encore, LLC | 47,557 | $543.1K | 0.1% | New |
| Bank Of America Corp /de/ | 41,173 | $470.2K | 0.0% | +22,718 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How WEBTOON Entertainment Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARWEBTOON Entertainment Inc.1
- CIK0001997859
- Employer ID (EIN)81-38305334
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)2741 Miscellaneous Publishing1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address222 N. Pacific Coast Highway, Suite 2300, El Segundo, CA 902451
- Phone213-347-48411
- Shares outstanding135,711,070 as of Jul 31, 20268
- Public float$154.6M as of Jun 30, 20254
- AuditorSamil PricewaterhouseCoopers, Seoul, Korea PCAOB ID 1103; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceDec 15, 20231
- Filings125 in all: 4 (43), 8-K (21), 3 (15), 10-Q (7), UPLOAD (5), CORRESP (4), DRS/A (3), DRSLTR (3)1
All 24 form types
S-8 (3), 10-K (2), ARS (2), DEF 14A (2), DEFA14A (2), SC 13G (2), SCHEDULE 13G/A (2), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DRS (1), EFFECT (1), S-1 (1), S-1/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 5, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 22, 2026
Latest 8-K (8-K) Oct 5, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.0001 per share | WBTN | Nasdaq Global Select Market |
From the cover page of the 10-K filed Mar 5, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks WEBTOON Entertainment Inc. names in Item 1A of its 10-K filed Mar 5, 2026: 73 risks under these headings, as written.4
- Risks Factors Summary
- Risks Related to Our Business, Industry and Operations
- Risks Related to Government Regulation and Legal Proceedings
- Risks Related to Intellectual Property
- Risks Related to Ownership of our Common Stock
- We have experienced rapid growth in recent periods, and our historical growth rates may not be indicative of our future performance.
- Our growth depends on our ability to attract and empower creators and our ability to properly support and incentivize our creators to create compelling, engaging and interactive content.
- Our growth depends on our ability to retain, attract and engage with our users, and our ability to anticipate, understand and respond appropriately to market trends and rapidly changing user preferences in a timely manner.
- If we fail to retain or increase our paying users or if we fail to maintain or continue to increase our paying ratio, our business, financial condition or results of operations could be adversely affected.
- We operate in highly competitive markets, and we face significant competition to attract and empower our creators and users.
- Maintaining and enhancing the market recognition and reputation of our brands is a critical component of our relationship with creators, users and other third parties.
- Our growth depends on our ability to innovate and expand our advertising business and to develop effective advertising products.
The other 66 risks
- We intend to continue to diversify our monetization strategy and increase revenues from IP Adaptations, which may not be successful.
- We intend to continue to expand our presence in existing and into new geographic markets and execute upon our growth initiatives, and our international expansion efforts may not be successful.
- We face a variety of risks associated with conducting business around the world, and these risks will increase as we continue to expand our presence into new geographic markets.
- Our future growth depends on our ability to continue innovating our platform to offer attractive features and safe and civil experiences for our creators and users.
- We depend on effectively operating with mobile operating systems, hardware, technologies, products, standards and networks that we do not control, and changes to any of these or our platform could adversely affect our user retention, growth, engagement and monetization.
- We have a history of net losses, and we anticipate increasing expenses in the future, and we may not achieve or maintain profitability.
- If we fail to control our content-related costs, the expenses we incur may exceed the increase in revenues.
- The future success of our business relies heavily on our sales and marketing efforts, and if we fail to maintain sales and marketing efficiency, the marketing expenses we incur as we grow may exceed the increase in revenues.
- Future acquisitions of, or investments in, other companies, technologies or specialized employees could require significant management attention, disrupt our business and adversely affect our results of operations.
- Our future success depends on the continuing efforts of our founder and senior management and our ability to attract and retain highly skilled employees and key personnel.
- We are dependent on NAVER to carry out our activities, and we may not be able to find suitable replacements if our services agreements with NAVER are terminated.
- Certain of our executive officers and directors may have actual or potential conflicts of interest because of their equity interest in NAVER. Also, certain of NAVER’s current executive officers are our directors, which may create conflicts of interest or the appearance of conflicts of interest.
- NAVER and LY Corporation are not limited in their ability to compete with us, and the corporate opportunity provisions in our Amended Charter may enable them to benefit from corporate opportunities that may otherwise be available to us.
- Our reliance on third parties in many aspects of our business exposes us to additional risks.
- Problematic content on our platform could affect the overall quality of our content, which could harm our reputation and deter our current and potential users from using our platform.
- If we, or our service providers, experience outages, constraints, disruptions or degradations in service, platform support or technological infrastructure, our ability to provide reliable services to our users and maintain the performance of our platform could be negatively impacted.
- Our corporate culture has contributed to our success, and if we cannot maintain this culture as we grow, we could lose the innovative approach, creativity and teamwork fostered by our culture and our business could be harmed.
- Our user metrics and other estimates are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics could adversely affect our business and reputation.
- We focus our business on our creators and users, and acting in their interests in the long term may conflict with the short-term expectations of analysts and investors.
- We may require additional capital to support our business in the future, and this capital might not be available on reasonable terms, if at all.
- If the security of our platform is compromised, it could compromise our and our creators’ and users’ personal, sensitive, confidential and proprietary information, disrupt our internal operations and harm public perception of our platform, which could adversely affect our business and reputation.
- We anticipate that our ongoing efforts related to privacy, data protection and cybersecurity, and content review will identify instances of misuse of user data or other undesirable activity by third parties on our platform.
- Our business is affected by seasonal demands, and our quarterly operations results fluctuate as a result.
- Our results of operations, which are reported in U.S. dollars, are affected by fluctuations in currency exchange rates.
- Increasing scrutiny and changing stakeholder expectations with respect to ESG and sustainability practices may impose additional costs or risks.
- Our business and reputation may be harmed by changes in business, economic or political conditions that impact global markets, or by a systemic market event.
- Risks Related to Government Regulations and Legal Proceedings
- We are, and could become, subject to significant legal proceedings and regulatory investigations that may result in significant expenses, fines and reputational damage.
- The success of our growth strategy depends on our ability to provide a safe online environment for children.
- We are subject to complex and evolving federal, state and international laws, regulations, rules, standards and contractual obligations regarding privacy, data protection and cybersecurity, which could result in investigations,
- claims, changes to our business practices, increased cost of operations and declines in user growth, retention or engagement, any of which could adversely affect our business.
- Governmental agencies may restrict access to our platform, mobile applications, website or the internet generally, which could lead to the loss or slower growth of our creators or users.
- In the EEA and United Kingdom, we are subject to the GDPR and UK GDPR, which impose stringent privacy, data protection and cybersecurity requirements on our business and could expose our business to considerable fines, penalties and other liabilities for noncompliance.
- Our business could be subject to fines, penalties and administrative and criminal sanctions for failure to comply with privacy, data protection and cybersecurity laws in Korea.
- We are subject to Japanese privacy, data protection and cybersecurity laws, including the Act on the Protection of Personal Information, and failure to comply with such laws may negatively affect our business, operations or financial conditions.
- We are subject to a variety of federal and state laws in the U.S. that govern privacy, data protection and cybersecurity, which require us to expend considerable resources to ensure compliance and could subject us to fines, penalties and other liabilities for failure to comply.
- We are subject to laws and regulations worldwide, many of which are unsettled and still developing, and noncompliance with such laws and regulations could subject us to liability.
- We are subject to various governmental export control, trade sanctions and import laws and regulations that require our compliance and could subject us to liability if we violate these controls.
- We are subject to the Foreign Corrupt Practices Act and similar anti-corruption, anti-bribery and anti-money laundering laws, and noncompliance with such laws can subject us to criminal or civil liability.
- Changes in tax laws could subject us to additional tax liabilities.
- Claims by others that we infringe, misappropriate or otherwise violate their intellectual property rights through the activities of our creators or users or the content on our platform could subject us to liability.
- Our defenses to claims of infringement, misappropriation or other violations of third-party intellectual property rights are costly and may not be successful.
- Failure to obtain, maintain, protect and enforce our proprietary and intellectual property rights could adversely affect our business.
- Failure to adequately protect, enforce and defend our rights in our proprietary and intellectual property rights could adversely affect our business.
- We face risks associated with our “WEBTOON” trademark, trade name and service mark, which could adversely affect our business, including the value of our “WEBTOON” brand.
- Our intellectual property strategy may prove to be inadequate to protect our intellectual property rights.
- We may not be able to protect our intellectual property rights throughout the world.
- Digital piracy and the sale of counterfeit merchandise could adversely affect our business.
- Our intellectual property rights in content on our platform are limited by the terms of our agreements with content creators.
- We use open-source software on our platform, which may pose particular intellectual property risks to, and could adversely affect, our business.
- We utilize artificial intelligence, which could expose us to liability or adversely affect our business.
- Risks Related to Doing Business in Korea
- There are special risks involved with investing in companies operating in Korea, including the possibility of restrictions being imposed by the Korean government in emergency circumstances, accounting and corporate disclosure standards that differ from those in other jurisdictions, and the risk of direct or vicarious criminal liability for executive officers of our Korean affiliates.
- NAVER WEBTOON’s transactions with its subsidiaries and affiliates may be restricted under Korean fair trade regulations.
- NAVER WEBTOON is subject to certain requirements and restrictions under Korean law that may, in certain circumstances, require it to act in a manner that may create conflicts of interest or the appearance of conflicts of interest with WEBTOON, as its parent, or our stockholders.
- NAVER WEBTOON’s transactions with related parties are subject to close scrutiny by the Korean tax authorities, which may result in adverse tax consequences.
- As NAVER WEBTOON and many of our affiliates are incorporated in Korea, it may be more difficult to enforce any judgments against such Korean subsidiaries or affiliates obtained in courts outside Korea.
- NAVER controls a significant percentage of our voting power and may have interests that conflict with the interests of other stockholders.
- We are a “controlled company” and, as a result, qualify for exemptions from certain corporate governance requirements.
- We cannot be certain that an active trading market for our common stock will be sustained.
- The stock price of our common stock may fluctuate significantly.
- If we are unable to maintain effective internal control over financial reporting in the future, we may fail to prevent or detect material misstatements in our financial statements, in which case investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our common stock may decline.
- The obligations associated with being a standalone public company require significant resources and management attention.
- We are a holding company and our only material assets are our equity interests in our subsidiaries. As a consequence, we depend on the ability of our subsidiaries to pay dividends and make other payments and distributions to us in order to meet our obligations.
- We do not intend to pay any cash distributions or dividends on our common stock in the foreseeable future.
- Future sales of our common stock, or the perception that such sales may occur, could depress our common stock price.
- The price of our common stock could decline if securities analysts do not publish research or if securities analysts or other third parties publish inaccurate or unfavorable research about us.
- If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
Legal proceedings
We are involved in a number of claims pending with various courts, or otherwise unresolved as of December 31, 2025. Adverse results in these claims may include awards of damages and may also result in, or even compel a change in our business practices, which could materially impact our future financial results. We cannot determine the potential loss or a range of possible losses for cases in their initial stages or where there is an unclear and inconsistent interpretation of laws related to the industry-specific grievances across various jurisdictions. The outcome of pending lawsuits and claims cannot be anticipated with certainty and the timing and outcome of ongoing legal proceedings are uncertain by nature. Therefore, the resolution of one or more of these legal matters against us during the same reporting period in excess of management’s projections could negatively impact our Consolidated Financial Statements for that reporting period. Though the outcome of pending lawsuits and claims cannot be anticipated with certainty, the Company does not expect adverse results from its pending lawsuits and claims. For additional information about our legal proceedings, see Note 10. Commitments and Contingencies to our audited consolidated financial statements included in this Annual Report.
Securities Litigation
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9SEC EDGARYuki Chae, Chief Product Officer
- 10SEC EDGARDavid J. Lee, Officer
- 11SEC EDGARHyeeun Son, Chief Design Officer
- 12SEC EDGARHyojung Kim, Chief Product Officer
- 13SEC EDGARJunkoo Kim, Officer
- 14SEC EDGARSaeju Jeong, Board member
- 15SEC EDGARIsabelle Winkles, Board member
- 16SEC EDGARNamsun Kim, Board member
- 17SEC EDGARNancy Dubuc, Board member
- 18
- 19
- 20SEC EDGARShareholder vote
- 21SEC EDGARResults of operations
- 22
- 23SEC EDGARExecutive or director change
- 24SEC EDGARExecutive or director change
- 25
- 26SEC EDGARResults of operations
- 27
- 28SEC EDGARResults of operations
- 29SEC EDGARRegulation FD disclosure
- 30NasdaqNasdaq calendar
- 31
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